Interested clients can complete and submit the ‘VPS request’ form available on the website. The MetaTrader platforms (MT4 and MT5) are the only platforms offered by MultiBank to all its clients. All trading styles are allowed; you can create, rent, buy and install your expert advisors (EAs) on any of the platforms. With over 40 industry awards to its credit, MultiBank review stands tall as a global broker. MultiBank Group provides multiple channels for customer support, ensuring traders can reach them conveniently. Trading successfully requires access to advanced charting tools, indicators, and market analysis features.
I also like the transparency concerning the paid-up capital at MultiBank Group, which stands at $322 million. Traders get negative balance protection, which I find paramount for leveraged trading, and all client deposits remain segregated from corporate funds. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. For example, if you deposit $1,000 of trading funds to receive a $200 promotional deposit bonus, the volume requirement to redeem the bonus would be 80 standard lots – or 8,000,000 units of currency. When trading at that volume, you can easily end up earning (or losing) far more than the initial deposit bonus amount. The spread you’d end up paying to trade eight million units of currency will end up being greater than the deposit bonus.
Customer Service
This is much the same as the limefx courses scam Standard account but with a higher minimum deposit and better spreads. For a $1000 deposit, the same minimum spreads you would get with a Standard account are reduced from 1.5 pips to 08. MultiBank offers a 20% deposit bonus capped at $40,000, subject to trading conditions. I appreciate that MultiBank Group invested in the development of a proprietary copy trading platform. Together with its MAM/PAMM accounts, it presents an excellent choice for asset managers, especially those geared towards equity portfolios. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
Withdrawal options include wire transfer, credit/debit card, and e-wallets such as Neteller and Skrill, though availability may vary by country. You will be happy to learn that no internal withdrawal fees are charged by MultiBank Group. However, external charges from banks or payment providers may apply depending on the chosen method. MultiBank Group has a very impressive suite of regulators, whose sheer number is rare to see when reviewing competing brokers. This is always good to see, as it means that the broker had to go through multiple rigorous standards. I think that the biggest upside with their proprietary app, unlike MT4/5, MultiBank-Plus, combines trading and account tools in one place.
Pro is available from $1,000, a high demand, but it cuts trading fees by almost 50%. The best trading conditions exist in the ECN option, but traders must commit $5,000, which may be high for some. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs. Users can access tutorials covering MT4 and MT5, social trading features, mobile app navigation, and economic insights.
- Whether you are a novice trader or a seasoned professional, there is an account tailored for you.
- The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent.
- One of the key factors in choosing a broker is regulation and security.
- These platforms are renowned for their user-friendly interfaces and comprehensive analytical tools.
Bonus and Promotions
MultiBank Group provides clients with a wide array of secure and convenient methods to fund their trading accounts and withdraw profits. Understanding these options is crucial for a smooth trading experience. The educational materials cater to both beginners and more experienced traders.
- MT4 remains the top choice for traders worldwide due to its stability and comprehensive range of features.
- Decide between MT4, MT5, or the proprietary MultiBank-Plus platform to start trading.
- The Pro account requires $1,000, and the ECN account requires $10,000.
- Yes, the company is extensively regulated by multiple regulatory bodies around the world, including ASIC, CySEC, BaFin, and FCA, among others.
- Multibank Group prides itself as one of the world’s largest online financial derivatives providers.
MultiBank Group provides traders with a variety of tools to analyze price movements, trends, and patterns across different asset classes. A reliable broker provides access to financial markets and ensures a secure, efficient, and supportive trading environment. Traders can access all supported markets across MetaTrader 4, MetaTrader 5, and MultiBank-Plus platforms. Account types, including Standard, Pro, ECN, and Islamic, offer full access, limefx official site though specific instruments may have differing leverage or margin requirements. MultiBank Group offers access to over 20,000 instruments across Forex, Metals, Shares, Indices, Commodities, and Cryptocurrencies.
A generous bonus offering adds to the benefits available at MultiBank Group, which is one of the best overall brokers for committed traders. The minimum deposit for the MultiBank Group Standard account is $50 or a currency equivalent. I strongly recommend the ECN account despite its high deposit requirement. Traders will get the most benefits from it due to excellent trading costs. I like the low swap rates at MultiBank Group, and together with other trading costs, this broker offers traders one of the lowest overall trading costs.
App Availability and Features
Its zero-commission accounts, tight spreads, and fast execution make it an excellent choice for both retail and institutional traders. MultiBank Group provides a well-rounded selection of financial instruments, making it an excellent choice for traders looking to diversify their portfolios. Whether you prefer forex, stocks, indices, commodities, or cryptocurrencies, the broker offers competitive spreads, high leverage, and a robust trading environment to suit different trading styles. MultiBank Group offers three main account types, each designed to suit different levels of trading experience and capital. With a low minimum deposit of $50, it features commission-free trading, stable spreads starting from 1.5 pips, and instant execution. MultiBank Group’s trading platforms include the industry-standard MetaTrader 4 and MetaTrader 5, as well as their proprietary MultiBank-Plus web and mobile platform.
This mechanism helps to limit losses by automatically closing positions to protect both the trader and the broker from excessive risk. Before trading live, take advantage of MultiBank Group’s educational tools, tutorials, and market resources. Decide between MT4, MT5, or the proprietary MultiBank-Plus platform to start trading.